2014 Capital Project
Making School Infrastructure Work for Students, CommunityIn May 2014, Queensbury residents approved an $8.9 million capital project that replaced 25-year-old roofs and improved health, safety, security and energy efficiency in all four school buildings. The capital project primarily addressed issues with aging infrastructure at all four school buildings. The scope of work included high-priority items identified in a 2010 building condition survey and energy study. At the high school, it also included work in athletic spaces used by all students.
Queensbury Union Free School District submitted its plans for the capital project to the state in November 2014 and completed the work in fall 2016.Click on the links below to learn more about the project.
Cost of the 2014 Capital ProjectThe approved capital project amounted to an $8,921,000 investment in school infrastructure with no additional local tax impact. Here’s how that happened:
- State building aid – Covers 70.9 percent of the principal and interest costs over the 15-year life of the bond and returns to the local community some of the taxes it pays to the state.
- Energy savings – Energy-efficient projects will yield $2.1 million in cost-avoidance/savings over time.
- Efficient use of local funds – The $300,000 already budgeted annually for small infrastructure projects will cover the local share of the cost, allowing the district to leverage a smaller amount of money for a much larger amount of work sooner than otherwise possible.